Oppenheimer lowered the firm’s price target on Flutter Entertainment (FLUT) to $160 from $210 and keeps an Outperform rating on the shares following NCAA tournament. The firm is also adjusting its 2026 EBITDA to $2.905B, below the $2.97B mid-point guide to better reflect World Cup/Predicts investment cadence, U.S. Handle/NGR trends, AR launch, and International marketing.
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